@JugglingWithEggs@mstdn.social
2026-08-01 08:29 UTC
“If you destroy nature, you destroy the core on which our economies depend. And that got people’s attention. This is not some kind of a flower-power, tree-hugging exercise. This is core economics. This is core financial stability, core price stability.”
Frank Elderson, a member of the European Central Bank’s executive board
#ClimateBreakdown
#EcosystemCollapse
#Economics
https://www.theguardian.com/business/2026/aug/01/ecb-climate-wildfires-global-economy-stability
Replies (3)
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@SecondUniverse@autistics.life 2026-08-01 08:40
@JugglingWithEggs@mstdn.social Oh no! Mass extinction and the collapse of our social structures will hurt money!
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@DziadekMick@mstdn.social 2026-08-01 11:07
@JugglingWithEggs@mstdn.social It’s frightening that secondary effects are going to screw even more with the macro-economy. Like eliminating a major route for transporting products across Europe — the rivers.
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@thatwriterellie@mastoart.social 2026-08-01 11:25
@JugglingWithEggs@mstdn.social seems like they realized that a little late 🙄